External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>CCL Products’ consolidated revenue for Q2FY24 stood at Rs 608 Cr, reporting a growth of 20% YoY (10-12% volume growth).</li><li>This was in line with our estimates. The management shared that the volume growth was impacted due to production interruption in the Vietnam plant for one month.</li><li>The company’s gross margins stood at 42%, down 269bps YoY, while EBITDA grew 13% YoY (in line with volume growth). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

CCL Products’ consolidated revenue for Q2FY24 stood at Rs 608 Cr, reporting a growth of 20% YoY (10-12% volume growth).This was in line with our estimates. The management shared that the volume growth was impacted due to production interruption in the Vietnam plant for one month.The company’s gross margins stood at 42%, down 269bps YoY, while EBITDA grew 13% YoY (in line with volume growth). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CCL Products Ltd - Marginal Miss on EBITDA; Maintain BUY

CCL Products India

CCL Products Ltd - Marginal Miss on EBITDA; Maintain BUY